In a bid to rein in the soaring youth unemployment, the Hong Kong government is offering employers a monthly grant of HK$10,000 (US$1,290) for each recent college graduate they hire as part of efforts to encourage jobs for young people in the Greater Bay Area. Under the program, which will last as long as 18 months, companies are encouraged to employ Hong Kong college graduates and dispatch them to Chinese mainland cities in the Greater Bay Area. The subsidies will guarantee employed graduates a monthly salary at least HK$18,000. The program, which will cost the Hong Kong government as much as HK$360 million, is part of the Greater Bay Area Youth Employment Scheme announced in November to create 2,000 jobs for the city’s youth in the Greater Bay Area, including 400 information technology jobs.
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